Southern Independent Bank
FDIC #58357
📍 Opp, Alabama
Southern Independent Bank is a commercial bank, state charter and fed nonmember, supervised by the fdic. established in December 4, 2006. With assets of $336.15 Million, it operates 3 domestic branches.
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Community Reinvestment Act (CRA) Rating
Latest Exam: July 1, 2024
What is CRA? The Community Reinvestment Act (CRA) is a federal law that encourages banks to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods.
Rating History
July 1, 2024
Satisfactory
June 1, 2018
Satisfactory
June 1, 2012
Satisfactory
💰 Financial Strength
Total Assets$336.15 Million
Total Deposits$292.69 Million
Equity Capital$30.87 Million
Net Income$5.00 Million
📈 Performance
ROA1.99%
ROE23.30%
Financial Terms:
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
📋 Corporate Structure
EstablishedDecember 4, 2006
FDIC Cert58357
Holding CoSouthern Ind Bancshares Inc
Parent CertNA - Not listed as a child of a larger bank.
Last ChangeAugust 31, 2022
Foreign Offices0
SAIF InsuredNo
State CharteredYes